Car or motorcycle insurance: what should you think?

Insurance per kilometer, bonus, malus, car and motorcycle insurance offers have long had guarantees tailored to the needs and driving behavior. Today, some insurers offer to go further in the tailor-made.

Car or motorcycle insurance is old. The little riders know it, as well as the very good drivers, at the maximum coefficient of bonus. The contracts are adjusted to the needs. The difference today lies in the technology that can refine the insurance offer , and adjust almost daily. However, there is a condition: ship sneaks.

Measuring the kilometers ("pay as you drive")

To be able to adapt the car or motor insurance contract to the kilometers actually traveled, it is necessary to be able to establish reliable measurements. That's what today's technology allows. A GPS box is placed on the car or motorcycle of the insured or sensors on his smartphone. They count the kilometers traveled during each trip. All data is transmitted to the insurer in real time, to assess whether the result corresponds to the subscribed mileage. If it is not reached the insurer reviews its price down. Otherwise, it introduces a surcharge per kilometer traveled beyond the fixed price.


Measure the driving behavior ("pay how you drive")

In addition to kilometers, the housing or sensors can collect all kinds of other data. Accelerations brutal or progressive, fast or reasonable pace, sudden braking or braking early, turns at low speed or on the hats ...

Everything is recorded and every week, the insurer sends a balance sheet to his insured car or motorcycle. Each month, the score can have a direct impact on the insurance rate for the following month. The reduction can go up to -30% for the best drivers.

And freedom?

All this raises many questions, especially regarding freedom. Because it is also a question of where, how and how long all these individual data are kept. And in case of accident, can they be used as evidence of a possible breach of the insured?

For the moment, insurers who offer customized contracts swear they will not keep the data for the long term. However, one thing is almost certain: if a behavior is recorded as most often accidental, the insurer will have a proven reason to refuse to renew the car or motorcycle insurance the following year.